Navigating High Food Prices: Americans' Strategies and the Deceleration of Menu Prices

Despite positive economic indicators, beef prices have remained high due to a combination of factors including low supply of cattle, increased demand, and rising costs for ranchers. The pandemic caused disruptions in the supply chain and led to smaller herds, while the cost of feeding cattle soared. As a result, beef prices rose about 8% last year, outpacing other meats. Overall, food prices have increased by about 25% since the pandemic began, and while inflation has slowed, prices have not returned to pre-pandemic levels.